Gibson ‘running out of time — rapidly’

TheZ

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I hope their assets get purchased by some crazy multinational conglomerate so we can get back to the glory days! :naughty:
 

JTM45

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Well Supercalifukkoliciouseatmyassadocious!

It's a shame to watch unfold but it's been coming for a bit now, they removed a great retil avenue when they went all out with the big guys and forgot their roots.

Reminds bme of the AMF Harley era, they'll come back in style again and alot of these last few years models will be the Norlins of our era.
 

MikeyTheCat

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looks like Gibson credit is so bad they're going to have a very bad time trying to transfer their debt. (paying down a credit card with another card)....from what I can tell.

+1 on Tonedeaf and his important function. :laugh2:



Yeah Henry's going to feel really bad driving off into the sunset in his Rolls Royce with his personal millions. :laugh2:

Gibson might go under but ol' Henry is going to be just fine. Better believe it. He may do stupid things with his company but I'd bet real money he's not a stupid man.
And probably keep Gibson USA just to piss everyone off.

Every time I get to hating on Henry I see something like that and think, well he ain't that bad.
 
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Bill Hicklin

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One thing bond owners will be watching for is an improvement in the company’s electronics business, which has been built up in the past few years via debt-fueled acquisitions but has seen sales slump of late.....

“The core business is a very stable business, and a sustainable one. But you have a balance sheet problem and an operational problem.”
And that's the meat of the matter. No matter what we might dislike about Gibson Guitars' pricing, quality control, distribution model, management style or the fact the 2015s sucked, Gibson's guitar business is still solid. What's sinking Henry's ship is the quixotic "lifestyle brand" thing, and borrowing ungodly amounts of money to finance the acquisition of dying electronics companies like TEAC and Onkyo which will never pay off.
 
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KSG_Standard

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Stringed instrument sales are down, have been falling for years...it's documented in the NAMM reports. Henry over leveraged the company in an attempt to expand into other markets. Gibson may or may not recover...they may or not be the same company when/if they do.

Gibson's guitars are more expensive to produce than are Fender's. The US factories are more expensive to operate than are Mexican, Japanese, Korean, Vietnamese or Chinese factories....due to wages, taxes, regulatory costs, etc.

I hope the Les Paul survives as an American instrument.
 

Malikon

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Stringed instrument sales are down, have been falling for years...it's documented in the NAMM reports. Henry over leveraged the company in an attempt to expand into other markets. Gibson may or may not recover...they may or not be the same company when/if they do.

Gibson's guitars are more expensive to produce than are Fender's. The US factories are more expensive to operate than are Mexican, Japanese, Korean, Vietnamese or Chinese factories....due to wages, taxes, regulatory costs, etc.

I hope the Les Paul survives as an American instrument.
I do agree that 'The Aura' or mystique,..or whatever you want to call it of a Fender Stratocaster has been diminished considerably since you can get a Stratocaster made in the US, Mexico, China, Indonesia, Korea, etc. It's just not as special. It's just 'A Strat', now. No big deal, a dime a dozen.

Glad we have Epiphone but I hope Gibson Les Pauls remain a 'Made In the USA', thing.

I joke about Chinese Gibsons and MLP heads exploding, but it's a joke,..I don't actually want to see that.
 

Mr Insane

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Quick Henry! You better try and fail at smashing an SG and give us another guitar filled with unreliable gizmos we don't want or need!


Maybe Gibson will be taken over by someone who actually cares about its customers, product quality, and won't treat the staff like dirt...
 

2manyGuitars

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I would hate to see Gibson fold or somehow get chopped up and handed out to others, but...I have pretty much all I need.
Came here to say the same thing. If Gibson never built another guitar, I’d have everything I need and then some.
 

wildhawk1

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Just posted a thread about my solution.

Would I pay $1650 for a new MIA Les Paul Studio?

No.

Would I pay $800 for a new MIC Les Paul Studio?

Yes.

Country of origin is less important than ever to new generations of players.

They would still be "real Les Pauls" built in a Gibson owned factory.

Use the power of brand name on the front of the headstock and quit worrying about the back.

Watch sales take off.
 

Sct13

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Just posted a thread about my solution.

Would I pay $1650 for a new MIA Les Paul Studio?

No.

Would I pay $800 for a new MIC Les Paul Studio?

Yes.

Country of origin is less important than ever to new generations of players.

They would still be "real Les Pauls" built in a Gibson owned factory.

Use the power of brand name on the front of the headstock and quit worrying about the back.

Watch sales take off.

Unfortunately this is true....

Any GM owners out there? ....your Car/Truck isn't American made....it might be assembled in the U.S. but nearly all of it is farmed out across the globe....

Much of Ford is looking to go that way too...
 

MikeyTheCat

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Just posted a thread about my solution.

Would I pay $1650 for a new MIA Les Paul Studio?

No.

Would I pay $800 for a new MIC Les Paul Studio?

Yes.

Country of origin is less important than ever to new generations of players.

They would still be "real Les Pauls" built in a Gibson owned factory.

Use the power of brand name on the front of the headstock and quit worrying about the back.

Watch sales take off.
I don't know about that, moving production of a US icon to China has the brand lose it's cache.
If Gibson is selling Studios for over a grand then they're being insane.
 

wildhawk1

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Gibson charges $800-$900 for certain Epiphones, what do you think they'd charge for a MIC "Gibson"? :hmm:
Kinda my point...

Cap the Epi's at a certain pricepoint and anything over is Gibson.

Currently upscale Epi's are targeting a market that unwilling to pay for a MIA stamp when they can get the same quality instrument from the same company for half price.
 




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